705 Magnolia Street, Summerville, SC 29483
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705 Magnolia Street, Summerville, SC 29483

$2,200,000

STATUS: For Sale MLS #: 24008395 Days on Market: 26
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03 - 05 Schools in 29483

Name
Address
Phone
Type
Grade
201 School House LaneSummerville, SC 29483
(843) 820-3850
Public
03 - 05

06 - 08 Schools in 29483

Name
Address
Phone
Type
Grade
500 Bryan StreetSummerville, SC 29483
(843) 873-3890
Public
06 - 08
1005 Dubose School RoadSummerville, SC 29483
(843) 875-7012
Public
06 - 08
500 Green Wave BoulevardSummerville, SC 29483
(843) 871-3150
Public
06 - 08
815 South Main StreetSummerville, SC 29483
(843) 873-3610
Public
06 - 08

09 - 12 Schools in 29483

Name
Address
Phone
Type
Grade
1101 Boone Hill RoadSummerville, SC 29483
(843) 873-6460
Public
09 - 12

KG - 12 Schools in 29483

Name
Address
Phone
Type
Grade
2168 Ridge Church RdSummerville, SC 29483
(843) 873-9856
Private
KG - 12

PK - 02 Schools in 29483

Name
Address
Phone
Type
Grade
1460 Royle RoadSummerville, SC 29483
(843) 820-3868
Public
PK - 02

PK - 05 Schools in 29483

Name
Address
Phone
Type
Grade
901 John Mckissick WaySummerville, SC 29483
(843) 873-3050
Public
PK - 05
847 Orangeburg RoadSummerville, SC 29483
(843) 873-4851
Public
PK - 05

TWO HOMES IN ONE!! 9 BEDS 9 BATHS OVER 6700 SQ FT COMBINED!! 5 bed 4.5 bath 4700 sq ft Main House PLUS 4 bed 3.5 bath 2000 sq ft Guest House. Located in Historic Summerville, this one of a kind property is home to a successful bed and breakfast with tons of upgrades! Two completely separate residences reside on the private and professionally landscaped 1/2 acre lot. The 5 bed 4.5 bath roughly 4700 sq ft main home has 3 levels with an elevator and a separate presidential suite with its own separate access. Upon entry you are greeted with a beautiful foyer and staircase with a living room to the left with wood burning fireplace and dining room to the right. Straight ahead through the hallway you will find the primary suite to the left with full bathroom. To the right, past the elevatorand half bath, you will find a gourmet kitchen with upgraded marble countertops, stainless steel appliances, double ovens, gas stove, huge island and plenty of storage. Past the eat in kitchen space is another living room area with a bar that leads to a screened patio. Downstairs is a large laundry/craft area with a sink and newer water heater. One door leads to an oversized 2 car garage, another leads to additional garage storage, an office/mancave, and the presidential suite which are both not included in the square footage but are heated/cooled. There are covered patios off of the office and suite with their own separate entrances. The top floor has new wood flooring, 2 bedrooms with full bathrooms, a supply closet, elevator, and library nook with a massive hidden storage space behind the bookshelf. The elevator was completely rebuilt 2 years ago, can fit 2 people, and services all three levels. The 4 bed 3.5 bath roughly 2000 sq ft separate cottage has 2 entrances with 2 covered patio areas and a lifetime metal roof. One is an apartment with a full kitchen, living room, dining room, laundry, 2 bedrooms and 1.5 baths. The other entrance has a set of stairs leading up to 2 separate bedrooms, each with full bathrooms. The fenced backyard is beautifully manicured, has a new pavilion with custom outdoor fireplace and can accommodate up to 80 guests for events. You can easily fit 15 cars in the parking lot not including the garage or ample on street parking, and an additional 100 guests can fit in this side lot with added tents. Upgrades include a new tankless water heater, HVAC air purification system, Pella windows, and more. There is truly too much to list. Schedule your private tour today and come see for yourself all that this exceptional property has to offer!

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Address: 705 Magnolia Street
State: SC
Zip: 29483
County: Dorchester

About Me

About MeHome ValuationExposure to Buyers

What makes me different and more worthy than any other agent? Great Question…

1.) I have been in the real estate industry since 1998

 

2.) At 29 years old I founded a wholesale mortgage firm here in Charleston and as such being the President/CEO I was responsible for overseeing 13 team members, two branches, ALL the marketing functions, business development, training of real estate agents in financing, training of my loan officers, and making sure over $85 Million in loans got closed. Of which most were purchases. So I have REAL business knowledge and real estate is business vs an agent without that savvy business skills.

 

3.) I graduated from University of S.C. where my major was media arts. What’s that mean? What you are reading right now is media. Everything you see and hear is media. Everything on a computer is digital media, websites, video, photographs, and audio. I studied video production, photography/lighting courses, audio recording, and more. Even post cards, billboards, news paper are ALL media, print media. (Although it’s an antiquated media). With that knowledge your home will have the most beautiful representation to the prospective buyers, instead of most of what you see out there (poorly lit, poorly framed, bad photos and video that put off buyers).

 

4.) 95% OF ALL REAL ESTATE TRANSACTIONS BEGIN WITH THE INTERNET… PERIOD, IT IS FACT. I am a digital internet marketing expert. I consult other businesses on how to harness the internet’s power through web design, SEO (search engine optimization), content marketing, image marketing, user experience design, online ad management and more.

When listing a home for sale there isn't an exact science to it, but what is required is knowing all the facts, and that's where I come in. What's a home valuation really anyway?

Estimating the value of real property is important to a variety reasons, but for most people, determining the asking or purchase price of a property is the most useful application of real estate valuation. This article will provide an introduction to the basic concepts and methods of real estate valuation, particularly as it pertains to real estate sales.

That's all well and good, however what most home owners in Charleston SC and the U.S. really want to know is what's my property worth now if I were to try to sell it? The most common method  that 90% of listing agent use is: 

The Sales Comparison Approach.

 

Value -
A main consideration in appraising is to determine a property’s value: the present worth of future benefitsarising from the ownership of real property. Unlike many consumer goods such as oil, lumber, food, etc. that are quickly used, the benefits of real property are generally realized over a long period of time. Therefore, an estimate of a property’s value must take into consideration economic and social factors, as well as governmental controls or regulations and environmental conditions that may influence the four elements of value:

 

  • Demand – the desire or need for ownership supported by the financial means to satisfy the desire;
  • Utility – the ability to satisfy future owners’ desires and needs;
  • Scarcity – the finite supply of competing properties
  • Transfer-ability – the ease with which ownership rights are transferred.

– What have the homes that are MOST comparable to yours (subject property) sold for recently per sq ft., and  what is currently for sale (taking into account scarcity from above)?

 

– What are the prices being asked by your competing listings in and around your neighborhood.

 

Other Factors inside the two primary ones above include: (age of home, physical features, location, conditions of the sale, economic conditions)

 


MLS ID: 24008395
List Price: $2,200,000
Bedrooms: 5
Full Baths: 4
Half Baths: 1.00
Total Square Feet: 47002
Elementary School: Spann
Middle School: Alston
High School: Summerville
Subdivision: Historic District
Home Style:
Year Built: 1988
Days On Market: 26
Lot Size: 0.5100 acres
Outdoor & Yard Description:
Elevator Shaft
Lawn Irrigation
Lawn Well
Lighting
Laundry Room
Ceramic Tile
Laminate
Wood
Fire Sprinkler System
Security System
Elevators
Laundry
Storage
Trash
Ceiling - Blown
Ceiling - Smooth
High Ceilings
Elevator
Garden Tub/Shower
Kitchen Island
Walk-In Closet(s)
Wet Bar
Ceiling Fan(s)
Eat-in Kitchen
Family
Formal Living
Entrance Foyer
Living/Dining Combo
Loft
In-Law Floorplan
Office
Separate Dining
Utility
Summerville CPW
Bedroom
Dining Room
Living Room
Other (Use Remarks)
Three +
Wood Burning
Thermal Windows/Doors
Skylight(s)
Window Treatments
0 - .5 Acre
High
Level
Traditional
Garden Tub/Shower
Multiple Closets
Sitting Room
Walk-In Closet(s)

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